Hiscox Foundation Usa
Hiscox Foundation USA shows fluctuating revenues and expenses, with no reported officer compensation.
EIN: 208608776 · Po Box Chi, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $298K |
| Program Spending | 80% |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Hiscox Foundation Usa Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hiscox Foundation Usa directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hiscox Foundation Usa
Hiscox Foundation Usa (EIN: 208608776) is a nonprofit organization based in Po Box Chi, IL, classified under NTEE code T20. The organization reported total revenue of $1.6M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hiscox Foundation Usa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hiscox Foundation Usa is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $298K |
| Surplus / Deficit | $-202,714 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -212.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 64.4 months |
Financial Health Grade: B
In 2023, Hiscox Foundation Usa reported a deficit of $203K with expenses exceeding revenue, holds 64.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hiscox Foundation Usa's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -78.4% | +18.7% | -11.1% |
| 2022 | +274.6% | -11.9% | +11.9% |
| 2021 | -90.2% | -83.0% | -9.4% |
| 2020 | +263.3% | +879.5% | -20.6% |
| 2019 | +172.8% | +337.4% | +22.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hiscox Foundation Usa with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hiscox Foundation Usa allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $203K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation, which is a strong positive for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hiscox Foundation Usa's IRS 990 filings:
- Significant annual revenue volatility, making financial planning potentially challenging.
- Expenses exceeding revenue in multiple years (e.g., 2023, 2021, 2020, 2013), indicating reliance on reserves.
Strengths
The following positive indicators were identified for Hiscox Foundation Usa:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Maintained substantial assets (over $1.5 million) despite revenue fluctuations, providing financial stability.
- Consistently low liabilities ($0 or $1) across all filings, demonstrating sound debt management.
Frequently Asked Questions about Hiscox Foundation Usa
Is Hiscox Foundation Usa a legitimate charity?
Hiscox Foundation Usa (EIN: 208608776) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hiscox Foundation Usa spend its money?
Hiscox Foundation Usa directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hiscox Foundation Usa tax-deductible?
Hiscox Foundation Usa is registered as a tax-exempt nonprofit (EIN: 208608776). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hiscox Foundation Usa's spending goes to programs?
Hiscox Foundation Usa directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hiscox Foundation Usa compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hiscox Foundation Usa is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hiscox Foundation Usa located?
Hiscox Foundation Usa is headquartered in Po Box Chi, Illinois and files with the IRS under EIN 208608776. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hiscox Foundation Usa have?
Hiscox Foundation Usa has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
What is the primary source of Hiscox Foundation USA's revenue, given its fluctuating nature?
The provided data shows significant fluctuations in annual revenue, from $44,382 in 2013 to $1,209,961 in 2020, and a latest revenue of $1,639,700. Without further detail on the nature of these revenues (e.g., grants, investments, donations), it's difficult to pinpoint a primary source or explain the volatility.
How does Hiscox Foundation USA cover its expenses when revenue is significantly lower, such as in 2023 ($95,511 revenue vs. $298,225 expenses)?
When expenses exceed revenue, as seen in 2023, the organization likely draws upon its accumulated assets or reserves from previous periods. The foundation's assets have generally remained above $1.5 million, suggesting it has a financial cushion.
What are the specific program activities funded by Hiscox Foundation USA?
The NTEE code T20 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations'. However, the provided data does not detail the specific program activities or grants made by the foundation.
Filing History
IRS 990 filing history for Hiscox Foundation Usa showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hiscox Foundation Usa's revenue has declined by 40.7%, moving from $161K to $96K. Total assets decreased by 2.3% over the same period, from $1.6M to $1.6M. Total functional expenses rose by 153.9%, from $117K to $298K. In its most recent filing year (2023), Hiscox Foundation Usa reported a deficit of $203K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $96K | $298K | $1.6M | $1 | — | — |
| 2022 | $443K | $251K | $1.8M | $1 | — | View 990 |
| 2021 | $118K | $285K | $1.6M | $1 | — | View 990 |
| 2020 | $1.2M | $1.7M | $1.8M | $1 | — | View 990 |
| 2019 | $333K | $171K | $2.2M | $0 | — | View 990 |
| 2015 | $122K | $39K | $1.8M | $0 | — | View 990 |
| 2014 | $280K | $225K | $1.7M | $0 | — | View 990 |
| 2013 | $44K | $71K | $1.7M | $0 | — | View 990 |
| 2012 | $126K | $41K | $1.7M | $0 | — | View 990 |
| 2011 | $161K | $117K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $96K, expenses of $298K, and assets of $1.6M (revenue -78.4% year-over-year).
- 2022: Revenue of $443K, expenses of $251K, and assets of $1.8M (revenue +274.6% year-over-year).
- 2021: Revenue of $118K, expenses of $285K, and assets of $1.6M (revenue -90.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.7M, and assets of $1.8M (revenue +263.3% year-over-year).
- 2019: Revenue of $333K, expenses of $171K, and assets of $2.2M (revenue +172.8% year-over-year).
- 2015: Revenue of $122K, expenses of $39K, and assets of $1.8M (revenue -56.3% year-over-year).
- 2014: Revenue of $280K, expenses of $225K, and assets of $1.7M (revenue +529.8% year-over-year).
- 2013: Revenue of $44K, expenses of $71K, and assets of $1.7M (revenue -64.7% year-over-year).
- 2012: Revenue of $126K, expenses of $41K, and assets of $1.7M (revenue -21.9% year-over-year).
- 2011: Revenue of $161K, expenses of $117K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hiscox Foundation Usa:
Data Sources and Methodology
This transparency report for Hiscox Foundation Usa is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.